Short Interest in ElringKlinger AG (OTCMKTS:ELLRY) Expands By 21.4%

ElringKlinger AG (OTCMKTS:ELLRYGet Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,700 shares, an increase of 21.4% from the March 15th total of 1,400 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is presently 1.3 days.

Shares of ELLRY stock opened at $4.33 on Tuesday. The business has a 50 day moving average of $5.21 and a two-hundred day moving average of $6.25. ElringKlinger has a 52 week low of $4.33 and a 52 week high of $8.00.

Separately, JPMorgan Chase & Co. upgraded ElringKlinger from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 5th.

ElringKlinger Company Profile (Get Rating)

ElringKlinger AG develops, manufactures, and sells systems and components for the automotive industry in Germany, the Asia-Pacific, North America, rest of Europe, and internationally. It operates through four segments: Original Equipment, Aftermarket, Engineered Plastics, and Other. The Original Equipment segment is involved in the development, manufacture, and sale of products and assemblies, such as metal sealing systems and drive train components; thermoplastics for drivetrains, body, and underbody applications; hybrid technologies; thermal, acoustic, and aerodynamic shielding systems; cylinder-head and specialty gaskets; battery and fuel cell components and systems; electric drive units; and exhaust gas purification.

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